Los Angeles: Bad news, knowing no time zones, arrives in a jarring burst of messages, calls and posts informing millions of members of India’s worldwide diaspora that yet another loved one has been sickened or lost to the coronavirus. Sometimes it comes in a barrage of WhatsApp messages first thing in the morning, and sometimes […]
Read MoreWASHINGTON: Powered by consumers and fueled by government aid, the U.S. economy is achieving a remarkably fast recovery from the recession that ripped through the nation last year on the heels of the coronavirus and cost tens of millions of Americans their jobs and businesses. The economy grew last quarter at a vigorous 6.4% annual […]
Read MoreWashington: The number of Americans applying for unemployment benefits dropped by 13,000 last week to 553,000, the lowest level since the pandemic hit last March and another sign the economy is recovering from the coronavirus recession. The Labor Department reported Thursday that jobless claims were down from 566,000 a week earlier. They have fallen sharply […]
Read MoreWASHINGTON: President Joe Biden declared that “America is rising anew” as he called for an expansion of federal programs to drive the economy past the coronavirus pandemic and broadly extend the social safety net on a scale not seen in decades. Biden’s nationally televised address to Congress, his first, raised the stakes for his ability […]
Read MoreWashington: Powered by consumers, the U.S. economy grew at a brisk 6.4% annual rate last quarter — a show of strength fueled by government aid and declining viral cases that could drive further gains as the nation rebounds with unusual speed from the pandemic recession. Thursday’s report from the Commerce Department estimated that the nation’s […]
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